EYES Protocol Adopts Dai Stablecoin In Its Ecosystem

EYES Protocol
Jun 9 · 3 min read

Eyes Protocol is an open source total solution built on blockchain by a cybersecurity firm LS Ware. LS Ware started in 2005, and it has numerous clients including Samsung, LG, Hyundai, and SK.

Over 90% of commercial software of SW development projects use open source. However, in order to exercise one’s rights to freely use, modify, and distribute the open source code, one must follow the open source license conditions according to the request of the original developer.

Eyes Protocol removes dispute risks that may occur when using open source and it will continue to support the expansion of the open source ecosystem. Through Eyes Protocol service, the open source ecosystem will become a virtuous cycle and the use of the EYES token will be activated. Also, distribution of EYES will be expanded by providing open source license and vulnerability verification service to many marketplaces.

In the EYES Zone, EYES holders can utilize the token on ESD(Electronic Software Distribution) Prosumer Market. Developers and communities can buy and sell developed software. EYES token is used for trading software in the market, and a certain fee is given to its open source owner, but some developers may want to hold tokens with stable value.

Furthermore, EYES Protocol and MakerDao decided to proceed with the collaboration for the open source ecosystem. In order to ensure EYES holders can be protected from price volatility, EYES Protocol created a system for users to swap between EYES and DAI. The following swap was conducted on Kovan testnet. For this test, 1 Dai is set to swap for 1000 EYES.

(Configuring token Swap POC environment)
(Token Swap test 1/2)
(Token Swap test 2/2)

About MakerDAO
MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin. Dai eliminates volatility through an autonomous system of smart contracts called the Maker Protocol and decentralized community governance.

Launched in 2017, Dai has successfully maintained a soft peg to the US Dollar. With hundreds of partnerships and one of the strongest developer communities in the space, MakerDAO has become the engine of the Decentralized Finance (DeFi) movement. Maker is unlocking the power of the blockchain to deliver on the promise of economic empowerment today. Visit www.makerdao.com.

-Website: www.makerdao.com
-Twitter: www.twitter.com/MakerDAO
-Telegram: https://t.me/makerdaoofficial
-Kakaotalk: https://open.kakao.com/o/giWg6J2

About EYES Protocol
Eyes Protocol is the open source total solution based on blockchain.

Eyes Protocol wants to solve the open source problems. Eyes Protocol hopes that open source ecosystem will become clearer, safer and more transparent.

-Website: www.eyesprotocol.io
-Twitter: https://twitter.com/EYES_Protocol
-Linkedin: https://www.linkedin.com/company/eyes-protocol
-Telegram: https://t.me/EYESProtocolOfficial